Posts by Vera Gibbons
- Vera GIbbons at Cost of living4 mths ago
Most twenty-somethings don’t know much about their finances, and what you don’t know could be robbing you of your financial future.
“If you can avoid making financial mistakes in your 20’s you will be significantly better off in your 30’s and 40’s. It’s about being responsible, so as not to be financially burdened later in life,” says Alexa von Tobel, founder and CEO of LearnVest, which provides content, tools, and support to help you gain control of your personal finances.
Every twenty-something should have a financial game plan, says von Tobel, and should try to reach these five important milestones:
1) Pay Off Credit Card Debt
- Vera GIbbons at Cost of living5 mths ago
If you’re paying full price for groceries, you are paying too much! Just ask Sharon Rowley, an avid coupon clipper, blogger and mother of six. “Buying items on sale, stocking up, and using coupons where it makes sense saves me 30-40% on my groceries each week.”
See related calculator: How much am I spending?
For the average American family, those habits could mean savings of about $2,000 a year, according to the Bureau of Labor Statistics. Groceries may be our third biggest household expense, but unlike a mortgage, these costs are not fixed. There are lots of ways to bring supermarket spending down.